Los Angeles (June 8, 2004) -- The Securities and Exchange Commission is conducting an informal inquiry into possible independence issues at executive recruiting firm Korn/Ferry International, the company disclosed this week.

In a filing with the SEC, Korn/Ferry revealed that it was advised in late May that the SEC is conducting an informal inquiry into certain independence issues arising out of payments made by its independent auditor, Ernst & Young LLP, to a company affiliated with former Korn/Ferry director Mark C. Thompson, for products and services provided by that company to E&Y.

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